Maaco Franchise Information

Maaco is a franchise of auto body and repair shops. According to the Entrepreneur website, Maaco, based in Charlotte, N.C., earned a rank of No. 95 on the Franchise 500 and No. 77 on America's Top Global Franchises as of 2010. Franchises are available in several countries around the world.

History

Maaco is part of Driven Brands and has been in operation since 1972. As of 2010, there were more than 500 Maaco franchises in North America. According to the Maaco Franchise website, Maaco has serviced 16.5 million vehicles since its inception.

Considerations

To become a Maaco franchisee, you must hold $90,000 in liquid assets, have a net worth of at least $250,000 and have a credit score of at least 700. The total minimum investment requirement was $296,500 as of 2010. A franchisee is also required to pay 8 percent of the unit's gross sales in the form of royalties.

Benefits

According to the Maaco Franchise website, the average Maaco franchise generates $929,000 in annual revenue. Franchises that generate at least $1 million in annual revenue can earn a profit of $173,000.

References

• Maaco: FAQs
• Entrepreneur: Maaco Franchising, Inc.